Indian oil market outlook to 2030
The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these
Oil
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American Fuel Efficiency Standards Raised to an Amazing 54.5 mpg by 2025
Not long ago, the Obama Administration raised the federal fuel efficiency standards, known as CAFE, to an average 35.5 mpg by 2016. Yesterday, they announced the CAFE were being raised again to historically
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Govt declares Barmer oil fields as prohibited area
JODHPUR: After deployment of 115 border homeguard commandos for the security of the oil fields of Cairn India at Barmer, the Governor of Rajasthan Margaret Alva has declared this entire area prohibited through a notification. Any persons trespassing in this prohibited area will be prosecuted now on. This measure is another step to ensure security of the oil fields by the state government. Barmer oil fields are contributing 30% to the total domestic oil production, which is set to grow further from the current 1.75 lakh barrel per day (bpd).
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Draft policy for exploration and exploitation of shale oil and gas in India
The government unveiled a draft new policy for private participation in exploration and exploitation of shale oil and gas in the country. The move is in line with the government policy of attracting private
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Renewable electricity generation up 33% in 2011
Electricity generated from renewable sources in the UK increased by 33% in 2011 compared to the previous year, while energy production fell by a record 13.2%. A report by the Department of Energy &
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Key drivers of PPPs in electricity generation in developing countries
This paper presents new global evidence on the key determinants of public-private partnership investment in electricity generated by fossil fuels and renewable energy based on a panel data analysis for
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Essar reduces Iran oil imports, takes losses on SC verdict
Mumbai London-listed Essar Energy said it has reduced its dependence on crude imports from Iran for its refinery in Gujarat, amid mounting US pressure to curtail Iranian imports. “Our imports today from Iran is in very small quantities, as an expansion at our Vadinar refinery enables us process ultra-heavy crude oil sourced from alternative sources, including from Cairn in Rajasthan,” chief executive Naresh Nayyar said at an earnings call. In March, Essar commissioned the first phase of expansion of its Vadinar refinery, enhancing capacity to 375,000 barrels a day from the earlier 300,000.
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BP Energy Review: Global fuel burn rate halved in 2011
Global energy consumption grew at 2.5 per cent in 2011, less than half the 5.1 per cent rate it attained in 2010, BP said in its annual Statistical Review of World Energy, published on Wednesday. India's
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NGT: Quantify oil spill damage
The National Green Tribunal (NGT) has asked the ministry of environment and forests (MoEF) to quantify the environmental damage caused by the sinking of the Panama-owned vessel MV Rak, which sank off the coast of Mumbai last year. Not only did the sinking of MV Rak result in a massive oil spill but 60,000 metric tonnes of coal was dumped into the ocean following the sinking.The NGT has also issued notices to Mumbai Maritime Board, the Maharashtra state government and the ship’s owner Delta Shipping Maritime Services with the latter being asked to pay for the damages caused to the marine ecology due to the oil spill.
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Tweaking U.S. tax code could spur green energy: senator
A freshman Democratic senator thinks he may have found a way to encourage investment in wind, solar and biofuel projects without sapping too many taxpayer dollars or injecting new venom into a bitter partisan
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Geoengineering for Global Warming: Increasing Aerosols in Atmosphere Would Make Sky Whiter
One idea for fighting global warming is to increase the amount of aerosols in the atmosphere, scattering incoming solar energy away from Earth's surface. But scientists theorize that this solar geoengineering